Tag Archives: rich

Ben Stein backs president on taxing millionaires

In case you missed it, President Obama’s campaign to raise tax rates on the rich gained an interesting ally a few days ago – Ben Stein.

In an interview on CNN, the economist/ actor said he rarely agrees with the president’s policies, but raising taxes on millionaires is “totally fair and abosolutely necessary” to save the economy. In his State of the Union speech last week, Obama said millionaires should pay at least a 30 percent rate.

It’s fantasy to believe that the economy will fully recover without raising takes on the uber rich, Stein said.

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Warren Buffett vs Sen. McConnell — no contest

The war of words between financial wizard Warren Buffett and Sen. Mitch McConnell is heating up. So far, the senator is losing. If McConnell wants to turn it around he needs to resuEconomy+Leaders.jpgrrect the shovel. (I’ll explain in a moment.)

On Wednesday, Buffett offered to match 1-1 any voluntary tax contributions made by Republican members of Congress.

Senate Transition.JPGBuffett singled out Senate Minority Leader McConnell for special treatment, offering a 3-1 match for contributions from the Kentucky Republican.

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